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Even if you like the potential of Lamprell, I can see no good reason to buy until equity financing is confirmed - avoid

2021-07-01 08:10:42

Energy services provider Lamprell (LAM) saw its share price take a big hit following the release of its annual results for 2020, which included a statement about the need to raise further capital via an equity issue – the exact amount and terms of which is yet to be announced.

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